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54-56 Ocean Beach Road, Sorrento

Large double fronted Sorrento landholding plus rear access & parking
  • Land Area:
    574 m2
  • Floor Area:
    183 m2
  • Tenancy:
    Tenanted Investment
  • Income:
    $112,617.00 + GST
  • Frontage:
    10.1 m

OVERVIEW

  • Freestanding retail investment centrally located in the renowned main street of Sorrento
  • 5-year net lease, providing a net annual income of $112,617^ (after land tax), 100% paid by Sportsgirl  (subsidiary of Sussan Group)
  • Strong underlying land value (574sqm*) with future value add possibilities given favourable commercial zoning, lease structure & surplus land at rear (STCA)
  • Includes rear lane access onto major council car park plus rare 10.1 Metre* frontage

LOCATION

  • Mornington Peninsula’s most prestigious location famed for its premier national retailers, beachside charm & its infamous Millionaire’s Walk

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